Ohio § 2131.10
Full text of Ohio Ohio Revised Code § 2131.10, with citation guidance and answers to common questions.
§ 2131.10.
A natural person, adult or minor, referred to in sections 2131.10 and 2131.11 of the Revised Code as the owner, may enter into a written contract with any bank, building and loan
or savings and loan association, credit union, or society for savings, authorized
to receive money on an investment share certificate, share account, deposit, or stock
deposit, and transacting business in this state, whereby the proceeds of the owner's
investment share certificate, share account, deposit, or stock deposit may be made
payable on the death of the owner to another person or to any entity or organization,
referred to in such sections as the beneficiary, notwithstanding any provisions to
the contrary in Chapter 2107. of the Revised Code. In creating such accounts, “payable on death” or “payable on the death of” may be
abbreviated to “P.O.D.” Every contract of an investment share certificate, share account, deposit, or stock
deposit authorized by this section shall be deemed to contain a right on the part
of the owner during the owner's lifetime both to withdraw the proceeds of such investment
share certificate, share account, deposit, or stock deposit, in whole or in part,
as though no beneficiary has been named, and to designate a change in beneficiary. The interest of the beneficiary shall be deemed not to vest until the death of the
owner. No change in the designation of the beneficiary shall be valid unless executed in
the form and manner prescribed by the bank, building and loan or savings and loan
association, credit union, or society for savings.
Frequently Asked Questions About Ohio § 2131.10
What does Ohio Revised Code § 2131.10 cover?
Section 2131.10 is part of the Ohio Revised Code, the codified statutory law of Ohio. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Ohio § 2131.10?
A common citation format is "Ohio Revised Code § 2131.10" (Ohio). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Ohio law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Ohio official source linked on this page or consult a licensed Ohio attorney.
How does Ohio § 2131.10 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Ohio can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Ohio.